Economic relief measures presented under Aatmanirbhar Bharat to support economy amid COVID-19 disruptions via press release.
Presentation of Third Tranche of fiscal support measures under the Aatmanirbhar Bharat initiative: the Union Finance and Corporate Affairs Minister set out details of a package to support the Indian economy in response to COVID-19 and referred readers to an accompanying presentation and press release for operative particulars.

Economic relief package details under Aatmanirbhar Bharat Abhiyaan announced to support the economy during the COVID pandemic.
Announcement of the second tranche details of the government's economic relief initiative presented by the Union Finance and Corporate Affairs Minister under Aatmanirbhar Bharat Abhiyaan to support the Indian economy in response to the COVID emergency; the release is an official press communication referencing supplemental presentation material.

Aatmanirbhar Bharat Abhiyaan support measures announced to bolster economic response to COVID-19 under Finance Minister presentation
Presentation of policy measures under Aatmanirbhar Bharat Abhiyaan addressing economic support in response to the COVID-19 pandemic, delivered by the Union Finance and Corporate Affairs Minister as an official presentation and press release dated 13-5-2020, with a detailed PPT referenced for fuller exposition of the announced measures and implementation modalities.

Government securities repayment: maturity payments require bank account mandate or timely tendering of discharged securities for payment.
Payment of maturity proceeds to registered holders of Government Securities held in Subsidiary General Ledger, Constituent Subsidiary General Ledger or by Stock Certificate must be made by pay order incorporating the holder's bank account particulars or by credit to the holder's bank account through electronic means under relevant regulations; holders must submit bank account particulars in advance, or, lacking those particulars, may tender duly discharged securities at prescribed paying offices twenty days before the due date to enable repayment. If a State Government declares a holiday under the Negotiable Instruments Act on the effective repayment date, repayment in that State will be made on the previous working day.

CPI reporting adjusted: provisional indices released for select groups after in person price collection shifted to telephonic methods.
Provisional Price Movement for selected CPI sub groups for April 2020 was released with adjusted procedures due to COVID 19: in person price collection was suspended and telephonic enquiries supplemented by selective purchases were used. Indices were compiled only for items reported from at least 25% of markets and exceeding 70% subgroup weight, using a direct approach at the all India level for Rural and Urban sectors. Several sub groups and groups were not compiled; released components include Food & Beverages (excluding some sub groups), Housing, Fuel & Light, Health subgroup and the CFPI (excluding Meat and Fish).

Social security guarantee: Atal Pension Yojana ensures a minimum lifetime pension with spouse continuity and corpus payout.
Atal Pension Yojana is a PFRDA administered social security scheme permitting eligible Indian citizens with bank accounts to subscribe for a minimum guaranteed pension at age sixty, with lifetime pension continuity to the spouse on the subscriber's death and payment of the pension corpus to the nominee if both subscriber and spouse die; the scheme is implemented through banks and postal services nationwide and forms part of the broader National Pension System coverage expansion.

Direct benefit transfers under PMGKP secured cash and food support to millions of poor households across multiple targeted schemes.
The Pradhan Mantri Garib Kalyan Package channels targeted cash and in kind relief via Direct Benefit Transfer and digital payments to vulnerable groups: front loaded PM KISAN payments to farmers, first and second instalments to women Jan Dhan account holders, full disbursement to old age persons/widows/divyang beneficiaries, support to construction workers, EPFO online advances and a one time EPF contribution, large scale distribution of food grains and pulses, mass Ujjwala cylinder deliveries, increased MGNREGA wages and released funds to clear dues, and insurance for government health workers.

Public consultation on insolvency regulations invites stakeholder comments and establishes a timetable for consolidated revision and re-notification.
The IBBI invites public comments on regulations under the Insolvency and Bankruptcy Code, 2016, outlining its consultative regulation making process and encouraging stakeholders to submit general or specific comments online via the IBBI website. The notice lists the regulations open for comment and prescribes categorisation of comments (intraregulation/interregulation inconsistencies, inconsistencies with rules, the Code or other laws, implementation difficulties, omissions or inappropriate inclusions) and the procedural steps for submission; the IBBI commits to process comments together and consider modifications for re notification within the stated timetable.

Reciprocity in international collaboration: India conditions trade and cooperation agreements on fair reciprocal terms and sustainable pharma trade.
India conditions bilateral and multilateral collaborations on reciprocity and fair dealing, citing those principles as the reason for non participation in the Regional Comprehensive Economic Partnership and inviting digital engagement to draft road maps for future agreements. The government links trade policy to health diplomacy by committing Indian pharmaceutical capacity to supply essential medicines internationally where feasible, while urging development of a sustainable roadmap for the pharmaceutical sector and identifying reliable international partners for long term collaboration.

Competition approval for acquisition of minority shareholding in Intas permits investment subject to proposed modifications.
The Competition Commission of India approved under Section 31(1) the acquisition by Canary Investments Limited and Link Investment Trust II of less than five percent shareholding in Intas Pharmaceuticals Limited, a vertically integrated Indian public pharmaceutical company; approval is subject to modifications proposed by the acquirers and the Commission's detailed order will follow.

Competition clearance permits BP Global stake acquisition in Reliance BP Mobility and transfer of petroleum retail and aviation fuel business.
Approval under Section 31(1) of the Competition Act, 2002 was granted for a proposed combination in which RIL will transfer its petroleum retail business and specified aviation fuel assets to Reliance BP Mobility Limited, and BP Global Investments Limited will acquire an aggregate 49% stake in RBPML through purchase of existing shares and subscription to fresh equity, with BP Global and RBPML currently non-operational in India and RBPML to operate the transferred businesses post-transaction.

Merger control approval granted for an acquisition by merger changing control of a NASDAQ-listed technology distributor.
The Competition Commission of India granted merger control approval for Tiger Midco LLC's proposed acquisition of 100% of Tech Data Corporation by effecting a statutory merger of Tech Data into a wholly owned Merger Sub of Tiger Midco, changing corporate control. Tiger Midco is a special purpose vehicle managed by funds affiliated with Apollo Management, L.P.; Tech Data is a NASDAQ-listed global wholesale distributor present in India through Tech Data Advanced Solutions (India) Pvt. Ltd.

Industry and trade monitoring ensured rapid coordination and escalation to state authorities to resolve supply chain and logistics disruptions.
The Department for Promotion of Industry and Internal Trade established a Control Room to monitor industry and trade issues during the lockdown, receiving complaints from manufacturers, transporters, distributors, wholesalers and e commerce firms and forwarding queries to State control rooms, Chief Secretaries and relevant State departments. Senior DPIIT officers assigned to specific States monitor progress, a dedicated team produces daily MIS reports and contacts affected stakeholders, and the Minister and Secretary conduct regular reviews to escalate urgent matters. Public contact details and operating hours are provided for reporting supply chain and logistical impediments.

Merger approval: competition clearance for acquisition of majority shareholding in a steel manufacturer, detailed order to follow.
Competition approval was granted for the acquisition of a majority shareholding in B.M.M Ispat Limited by JSW Projects Limited after the Commission assessed the parties' roles in the steel value chain-where the acquirer manufactures direct reduced iron/sponge iron and related inputs and the target produces pellets, sponge iron, TMT bars and semis-and found no unresolved competition concerns in the announced press release; the Commission's detailed order and rationale will follow.

Direct Benefit Transfer expanded under PMGKP enabling rapid account based cash and in kind support to vulnerable households.
The Pradhan Mantri Garib Kalyan Package implements a coordinated relief framework using Direct Benefit Transfer and in kind distributions to targeted vulnerable groups during the COVID 19 lockdown. Core components include cash transfers to women Jan Dhan account holders, NSAP ex gratia payments, front loaded PM KISAN instalments to identified farmers, payments from Building and Construction Workers' funds, EPFO withdrawal facilitation and employer contribution payments, alongside food grain distribution, pulse dispatches and free Ujjwala cylinder delivery, all prioritising digital account based crediting and inter ministerial oversight.

Nutrient based subsidy rates for P&K fertilizers set, enabling subsidised supply and adding ammonium phosphate to the scheme.
Fixation of Nutrient Based Subsidy (NBS) rates for Phosphatic and Potassic (P&K) fertilizers for 2020-21 sets per kilogram subsidy amounts for N, P, K and S to be paid to fertilizer companies; subsidies will be released to manufacturers/importers on these approved rates so they can supply subsidised P&K fertilizer grades to farmers. The NBS coverage is expanded to include the complex fertilizer Ammonium Phosphate (NP 14:28:0:0), and an expected expenditure ceiling for P&K subsidy release for the year is identified.

Fiscal policy: calibrating scenario-based growth, revenue assumptions, and public expenditure stimulus to support pandemic recovery.
Assessment focuses on three operative issues: scenario-based GDP growth projections under pandemic-driven uncertainty; plausible assumptions for tax buoyancy and revenue availability for the current and next year; and determination of the scale and composition of public expenditure stimulus to support recovery while maintaining fiscal sustainability.

Insurance renewal relief preserves statutory motor third-party and health cover by extending premium payment deadline during lockdown.
Central Government notification permits policyholders whose health or motor third-party insurance renewals fell due between 25 March 2020 and 3 May 2020 and who cannot pay on time because of COVID-19 to make renewal premium payments on or before 15 May 2020, thereby preserving continuity of statutory motor vehicle third-party insurance cover from the original renewal date and ensuring payment of valid claims arising during the grace period.

Voluntary salary reduction by senior officials to fund emergency relief contributions to PM CARES following pandemic response.
Senior executives of a national policy body and an advisory chair voluntarily implemented a salary reduction of thirty per cent for one year, directing the resulting contributions to a national emergency relief fund designated for pandemic assistance; the measure is time limited, voluntary, and constitutes a reallocation of executive remuneration to emergency funding rather than a statutory appropriation.

Valuation profession: proposal for a statutory National Institute to set standards, exams, registration and discipline.
The Committee proposes enactment of a Valuers Act to establish a National Institute of Valuers as principal regulator to register and regulate Valuers, Valuer Institutes and Valuation Professional Organisations; conduct central screening and qualifying examinations; prescribe valuation standards and a Code of Conduct; issue Certificates of Practice; and operate a two tier co regulatory architecture with separation of quasi legislative, quasi judicial and executive functions, supported by transparency, accountability, public consultation on regulations, time bound disciplinary procedures and transitional arrangements for existing registered valuers and organisations.